Implementing Activity Based Costing

This text examines the principles behind activity-based costing, describing its advantages over traditional methods and its implications for business decision-making.

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Faced with an unstable and challenging economic environment, organizations are turning to new methods of increasing efficiency and improving information content for their survival. Activity based costing (ABC) is one such method. ABC hinges on understanding the interdependencies among individual costs, and has been unparalleled at providing more accurate and meaningful measures of product costing. This book examines the principles behind activity based costing, its advantages over traditional methods, and its implications for business decision-making.